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out there. paul ryan thinks, understandably because it is his plan, thinks it is the best one. >> the goal the republican majority is to get us on a path to balanced budget to put the debt crisis out and borrow time with the bond markets. yes, i believe the president won't pass our budget into law but let's get a down payment and get a good start on the problem. that to me a constructive bipartisan engagement can accomplish. bill: with that as a baseline kelly wright live at the white house this morning a lot of talk about a grand bargain, is that being revived, kelly? >> reporter: seems to be the case right now, bill, but reality while people are hoping for it including house speaker john boehner he is not very optimistic at all that democrats and republicans can achieve a grand bargain on the nation's budget deal. having said that, you will recall that the president did launch a major charm offensive, reaching out to republicans and democrats to find some common ground, in getting america's fiscal house in order. but some republicans remain skeptical about the president's si
a battle of the u.s. budget plans. senate democrats are set to unveil the answer to republican paul ryan's deficit cutting proposal today. >> announcer: you're watching "worldwide exchange" bringing you business news from around the globe. >>> it looks like a touch weaker for u.s. futures. look at the action. the dow did manage just at the end of the day to eke out small gains yesterday and that means it's been eight straight days of gains for this index. can it be nine? unusual. that would be the first time in 16 years in fact. meanwhile, perhaps some cautionary signs in the nasdaq which has had a weak couple of days stretch over here. s&p 500 also ended lower and looks to give up a point or two this morning as well. 1,545 is the level there. we're down 0.2 in the ftse global 300. a lot of action in the last half hour. we're seeing the euro weakening and general sense of risk coming off the table as we head closer to the weekend. key bond auctions today as well. italy going to market and we see italian stocks giving up .75 of 1%. spain down by two-thirds of 1%. ftse 100 message is consi
manifesto, this year's paul ryan's -- >> premium support. >> stephanie: very good. [ applause ] >> stephanie: very concise analysis of what the people want. the president yesterday. >> obama: ultimately it may be that the differents are just too wide. >> between the two sides. >> stephanie: right. because the senate democrats put out a plan patty murray's plan which makes sense, as paul ryan's budget makes no sense whatsoever. so they are -- >> way far apart. >> stephanie: remember that piece i read from "the daily beast" yesterday, the president was like no, i'm not going to do that. literally -- that's the thing it's like go play on paul ryan's home field. he said no. no. my job is to get people back to work and however -- >> and not to deal with this nonsense. >> stephanie: exactly. >> they were talking about entitlement reform, one thing they could do is lift the cap on social security so people making above $115,000 would pay into it. >> stephanie: right. patty murray has stuff in there -- there are wayses for savings that don't involve -- i cannot bel
's not at the top of my list. and he's more interested -- i mean, he thinks that the paul ryan budget really hurts education and research. and he thinks if the government doesn't invest in education and research, then we will not be internationally competitive. the republicans have a completely different view. it's great that they're talking. i think it's wonderful that they're talking but they are at opposite ends philosophically about this. >>brian: the house says okay, there is the budget. you don't like it? the senate is going to do something interesting. they are going to have a budget. excited about it? a senate republican, snorkelly ayotte on -- senator kelly ayotte on greta van susteren's show last night. >> i'm glad the democrats are finally after four years going to do a budget in the senate but basically he's rendering himself irrelevant because his is going to come after the house puts forth his budget, after the senate does his budget. where is he on this issue? you'd think he would have a fiscal blueprint for the country. i'm on the budget committee and we'll be doing it without his
republicans. when you have speaker boehner, and paul ryan, saying, there is not an immediate debt crisis. what do you make of that? >> well, you know, i don't know, i think there is. i think it is a -- >> what is in it f them to say there isn't? >> you know, i can't get into their brain, i do not know what that is about. i do know $16.7 trillion debt, growing at the rate of the deficit every year, is a big problem. >> so they see, they say -- i want to stress it is a big problem, but not an immediate crisis, di does that take the urgency off of addressing it? >> no, it does not, what business, what investment and capital is looking for is they are looking for tre deccability -- predictabilitiy and stannability, which they see the movement going on in the debt itself, that offers neither. >> when you and the governors met with the president, a weeks ago, and you talk, i think you were knee deep in the whole sequestration debate. and president's warning that disaster is coming. >> that was the story. neil: and i thought to myself, governor, i mean, holy cow. however onurus the cuts would be, the
vice-president nominee and wisconsin congressman paul ryan with 6%. here with the reaction the results and the man who came out on top, kentucky senator rand paul. senator, how are you? >> very good, good to be with you, sean. >> sean: does that mean you're running? >> i can tell it you it was invigorating and it was exciting probably 2000 young kids in the audience and standing and chanting and if you want to find some energy for the conservative movement, you see it it there. at cpac, it's one of the biggest convocations of young people you'll see all year long. >> sean: you took a different tact than some of the other speakers and i found myself in agreement with you, and that is the republican party needs to get tougher. ill h'll be honest, i was surprised when john boehner said he trusted obama. he has been duplicitous and trying to get boehner fired. why would he say he trusts him? >> there are a lot of things we believe in and shouldn't give up on and some of the things i was talking about, i think, attracts people from both the left and right and that's supporting your right to
. and the other problem with patty murray's budge the, it never gets to balance. and paul ryan's budge net ten years, a fundamental difference with the kind of debt we as a nation continue to have. i was traveling around wyoming. we go to schools and students know we continue to borrow a lot of money every day just to stay ahead and a lot of the we're borrowing from china. >> paul ryan's budget balances in ten years because of the big chunk in the middle is killing obama care, which people have said i think recentasonably is going to happen. sure, it balances, but it's not going to happen. >> paul ryan's budget balances and spending increases every year under paul ryan's budget, it just doesn't increase as fast as the democrat's budget. the federal reserve came out with a report that talks about the impact of the health care law on the economy and on jobs. and it is hurting jobs. this is the federal reserve in their monthly report. talking about the bad impact of the health care law, because of the consequences within the law so businesses, due to the uncertainty, aren't hiring. when they do h
week, having lunch with paul ryan. an article national journal questions whether it's a genuine outreach. that article includes this from a senior white house official quoted as saying, quote, this is a joke. we are wasting the president's time and hours. i hope you all and the media are happy. we are doing it for you. they asked jay carney about that quote. here is what he said. >> i have no idea who said that. i can tell you, that opinion has never been voiced in my presence, in the president's presence in the west wing. it does not represent the president's view or the white house's view or the administrations view. >> joining me to talk about it is david gergen and margaret hoover and editor of the daily beast. david, if this outreach from the president, the dinners to the capital, if it's symbolic, is there an importance to that symboli symbolism? >> there's great importance to this. there are cynics in the white house press corps who think it's a joke. the president deserves the benefit of the doubt. he was frustrated. congress was working. popularity going down. give him
after republican paul ryan unveiled his plan. the president's proposal won't be ready until next month. we have the latest on the budget battle in washington for us. >> good morning elizabeth. >> good morning. we have the budget blue print in a dick quayed of $4.6 trillion worth of cuts. >> my goal is not to chase a balanced budget just for the sake of balance. my goal is how do we grow the economy put people back to work and if we do that we are going to be bringing in more revenue. >> chairman ryan's proposal hits some of the president's achievement such as privatization of medicare as well as obama care. he suggests cutting 124 billion from that particular program. he went on to say the responsible balanced plan is an invitation for democrats. the difference is balancing the budget sunday getting the debt on a path to be paid off so our children have a debt free nation. >> the house budget committee will be marking up its proposal today while senate budget committee chairman patty murray will be giving a plan with tax increases and 100 billion in a new jobs package. >> elizabeth pra
at 1:30 eastern time. house budget committee chairman paul ryan outlined had his party's plans on "the kudlow report" last night. >> hopefully we get a down payment on the problem. we balance the budget and pay off the debt in our budget. what we hope and what we think the republican majority is good for, if anything, is to get a down payment on the problem. balancing the budget is not an end of itself. it's an means to the end. we want to revival upper mobility and growth in this economy. >> senate democrats are going to release their own spending plan after calling the republican proposal unacceptable. it will call for about $1 trillion in new revenues by closing tax loopholes and about 1 trillion in spending cuts at the same time but no structural changes to medicare and the question is will that get -- do either of these plans get anybody anywhere or is everyone talking to themselves? >> they're talking to themselves. we discussed it yesterday. in the last negotiations you still have the fact there are republicans who think that the republicans gave too much and then there are demo
don't do is what paul ryan wants to do, to do away with obamacare, to do away with all kind of other things. and turn medicare to vouchers. i mean this guy is off the walls. >> dana: don't forget the part he wants old people to eat cat food. did you read that part in the budget? >> brian: here is thing. you a political guy. you should know this. the president could use republicans as his wedge against democrats who won't touch entitlement. use it as a strategy. guys, it's not my fault. the republicans got a voice in this. this is part of the deal to use them to knock the entitl entitlement. >> dana: all right. when we come back. shepard smith is live in rome with more on the election of pope francis. stay with us. ♪ ♪ [ male announcer ] this is joe woods' first day of work. and his new ss told him two ings -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find se good people to help guide
at another high-profile republican. this morning paul ryan gave the republican weekly address and pushed his budget proposal explaining why he is so focused on balancing the budget. >> the budget is a means to an end. we are not balancing the budget as an accounting exercise. we're not trying to simply make numbers add up. we're trying to improve people's lives. >> so, andy, if paul ryan connecting a balanced budget to improving people's lives, do you think the gop senses it needs to do a better job of explaining why balancing the budget should matter to people? >> paul ryan obviously understand that point. he realizes as we just heard that connecting the budget, this is an issue that maybe the republican party can use to reach out to hispanic voters, to reach out to women voters, to reach out to those blocs that the party has had so much trouble with. the problem is the product paul ryan is offering is absolutely no different from the product that has been so unpopular in the past. so maybe they can put new wrapping on the report or a new message behind it. the nuts and bolts of it are real
as part of a deficit deal. the senate budget committee began debating its counterproposal to paul ryan's budget. the sausage making process continues in the u.s. and in europe where the european parliament, get this, has stripped down a budget deal reached by eu leaders last month that called for significant changes. mvps did not change the 960 billion euro spending limit, but pressed for the distribution of funds and a mid year review. the european parliament chair called the move an important step for democracy. >> the parliaments want to be taken as a serious partner. we are prepared to negotiate. this is an offer to the council to compromise and improve the framework. >> now, this comes as european union heads of state are kicking off another two-day summit in brussels today. leaders reportedly making plans to loosen the rules which will allow the companies more time to balance their budgets. julia chatterly is live in brussels. julia, germany made a point ahead of this meeting to say even if there's discussion to give people more time, it needs less time to meet its own target. >>
is on capitol hill, martha. martha: it works both ways, mike. democrats clearly do not like the paul ryan house republican budget proposal. so what is their approach? >> reporter: well they are saying essentially that paul ryan is too extreme harsh. they continue calling for new tax revenue which we see in the patty murray budget blueprint. on budgetary issues, president obama talking to supporters last night sounded upbeat. >> when it comes to issues of the budget we've made progress in making sure that those at the very top are paying a greater share of what is required to run a government, fund base being research, move education forward. and so we've seen some progress. >> reporter: day three in a row, president obama coming to capitol hill today to meet with senate republicans and house democrats. democrats not liking so much some of the offers that he it making for a big deal and republicans want him to give up the idea of new taxes, martha. martha: boy, here we go. mike, thank you very much. bill: in meantime the 1st of april is the deadline for the senate to present a budget resolution
paul ryan's budget released tuesday balances the budget in ten years. highlights include repeal of the health care law, an overhaul of ped care making it a private insurance plan funded by vouchers and unspecified reforms of the tax code with a goal of creating two brackets -- 10 and 25%. >> to inflate the claims of deficit reduction. >> reporter: hours after the president meets with house republicans he will speak at a dinner for organizing for action, the retooled version of his campaign in a move that's rankling some republicans saying it runs counter to his outreach. despite the rhetoric, lawmakers haven't ruled out the possibility of a grand bargain for deficit reduction. that seems like tough sled eing given how sharply divided both sides remain. matt? >> kristen welker at the white house. thank you very much. >>> we have an important health alert this morning tied to the commonly prescribed antibiotic known as the z-pack. 50 million people take it every year. now the fda warns it may lead to a fatal irregular heart rhythm in some patients. dr. goldberg is a cardiologist f
deal. on the other side of the capital, congressman paul ryan unveiled the house republican budget plan. he says it will balance the budget in 10 years without raising taxes. it requires future medicare patients to pay more and scrap the president's healthcare reform law. >> we want to prevent this law which we believe will damage families in america. >> reporter: democrats say there are cost savings in the healthcare law. >> it is an absolute hoax to say on the one hand that you're balancing your budget and on the other hand, that you're eliminating obamacare. >> reporter: senate democrats will deliver their own budget wednesday. they argue ryan's plan to overhaul the tax code will hurt the middle class. >> sadly, you're going to eliminate the most basic income tax deductions for working families. >> reporter: the president is working to help lawmakers find some common ground. but republican senator jim inhoff says the two sides are too far apart for these meetings to make a difference. >> the term of personality and intimate relations is one t
patients to bear more of the program's cost. gop budget pointman paul ryan once again throwing down the gauntlet to democrats. >> we don't think it's fair to let critical programs like medicare go bankrupt. we don't think it's fair to take more from hardworking family to spend more on washington. >> the obama white house wafrted little time in criticizing the budget, when it comes to reducing the deficit the math doesn't a
the paul ryan thing with the big asterisk and say -- >> what do you think? >> that's exactly the way you have to approach this. we do need -- first off, this issue is about 5, 10, 15 years from now, stablelizing the debt at less than 15% gdp and the essence getting entitlements under control in the out years. as part of that, you have to have tax reform and significant tax reform. and actually, simpson/bowles, a commission i served on, laid out a way to do it, got the tax rates down on the personal side to 9, 15 and 23% and the corporate to 26%. and you need to bring the corporate rate down to 24, 25, 26% and need to go to a territorial system. but you can't do that independent of the individual system, because if you have a huge gap between the top individual rate, say today it's at 42.5%, and if you took the corporate 25%, everybody started -- >> because then you have small business. small business got screwed at the expense of big businesses in the last tax bill. so you're right. so i -- look, i say, you're going to have big problems if you try to have a big personal and corporate tog
saw from paul ryan. congressman, thank to all of our friends from vermont. >> announcer: this is the "bill press show." ♪ compelling true stories. >> jack, how old are you? >> nine. >> this is what 27 tons of marijuana looks like. (vo) with award winning documentaries that take you inside the headlines, way inside. (vo) from the underworld, to the world of privilege. >> everyone in michael jackson's life was out to use him. (vo) no one brings you more documentaries that are real, gripping, current. ♪ >> announcer: chatting with you live at current.com/billpress. this is the "bill press show." live on your radio and current tv. >> bill: here we go thirty-three minutes after the hour here on the "full court press." this busy thursday busy day for president obama for sure. he comes up to the hill and he will sit down with the house republicans and then to cleanse his palate he will go over and meet with the house democrats back on friendly -- friendly territory. keith ellison from minnesota here in studio with us. congressman i want to hear more about the
an immediate debt crisis and john boehner and paul ryan, they agree with it. debt crisis? and what do you think. and joining us here in new york, welcome back to the program. >> thank you very much. stuart: do you think we have an immediate debt crisis on our hands? >> i think we have an immediate need to act. we can see a debt crisis coming in the future and acting now will make it responsible. stuart: what do we need to do. >> reduce the debt over the long-term and recognize what the spending is that's driving that. mandatory spending on entitlement programs that are causing our debt. and as chairman ryan said, it's the most predictible crisis. american action forum strongly supports the ryan plan. >> we ran the numbers on the budget consistent with the principles in the house proposal and we saw that you get stronger growth, more jobs now, it's the responsible thing to do for the economy and sustains the viability of the safety net program. stuart: that's the exact opposite of what the president and the much of the left is saying. they're saying, you cut spending now and it's a real drag on
tomorrow with curtis at noon eastern time hour of "markets now," and paul ryan says we need two brackets. that was one idea last week. we'll talk about that later on in the week. employees raiding their retirement accounts at a frightening pace right now. only one in three say they took a hardship loan from their 401(k) last year. now, according to financial finesse, lower income and younger workers say they needed the money despite the improving job market. they come with very high fees, got to pay back retirement account and keep working to do so as well. alarming figures from financial finesse. moving from 401(k)s to, staying on the tax thing, irs form 1040. how you can claim part of a billion dollars if the tax man has sitting in his escrow accounts right now. we'll talk about that. updating on what we brought to you friday, a new casino for the vegas strip. that story coming up in your west coast minute. as we go to break, the ten-year treasury, and what's happening in cypress has investors fleeing for the safety, yes, you heard me "safety," of the u.s. dollars.nouncer ]ow coul ♪
. just one day after the house budget committee approved paul ryan's blueprint plan which would balance the budget in a decade. patty murray released a plan which would cut annual deficits, but leave the country with a $566 billion shortfall after ten years. this while that back and forth continues on another issue, the white house tours. who exactly is to blame? the president said during an interview, it wasn't up to him. and inconsistent response from that of its press secretary, jay carney. >> you know, i have to say, this was not a decision that went up to the white house, but what the secret service explained to us was that they're going to have to furlough some folks. >> we had to cancel the tours. it's our job to cancel the tours. they can not cancel them. so because this is not a tour of the secret service building. it's a tour of the white house and the grounds. we run the tours. >> raising eyebrows is the president's comments during an interview where he said the u.s. debt, which is inching closer and closer to 17 trillion, is, quote, not an immediate crisis. republican senat
. >> coming up, paul ryan's plan for budget trickery. according to steny hoyer it is. and checking the futures right now, green arrows across the board. squawk is coming back right after this. >>> >>> next, if you've never heard of minecraft, don't worry, your kids have. we'll talk to the ceo behind the viral computer game. his company famously rejected a partnership offer from shawn parker. revolutionizing an industry can be a tough act to follow, but at xerox we've embraced a new role. working behind the scenes to provide companies with services... like helping hr departments manage benefits and pensions for over 11 million employees. reducing document costs by up to 30%... and processing $421 billion dollars in accounts payables each year. helping thousands of companies simplify how work gets done. how's that for an encore? with xerox, you're ready for real business. only hertz gives you a carfirmation. hey, this is challenger. i'll be waiting for you in stall 5. it confirms your reservation and the location your car is in, the moment you land. it's just another way you'll be traveling at t
, 2013, to bring undo that bracket. seven brackets we have going on right now. paul ryan wants two. don't think he will get that i asked him about that, what are the deductions, how is this working? here's what he had to say. >> one of the other complexities introduced on that fiscal cliff tax bill was the introduction of what we call the ps provision, which limits your overall deductions, state and local tax deductions and other deductions will be limited. so now you have to go back to your accountant and figure out, well, if i, if i do this deduction, will it be limited in some fashion? >> hence the idea, again uping charitable donations for this year, or, other issues. i mean you've got to remember you have the obamacare tax, the medicare tax. that is kicking in this year. that is affecting tax-filers this year and next. and amt. think about what amt does to people in high net worth states, new york, new jersey, connecticut, california, illinois. these are states where you have higher incomes, hence more of those middle class, middle class, firefighter in staten island with the famil
for a balanced budget and 4.6 trillion dollar deficit reduction over ten years, that's the paul ryan budget. while democrats opening offer, no balance and about 1.85 trillion in deficit reduction. >> tucker: so, is a compromise possible? if so, how far away are we away from that. >> clayton: let's ask fox news host sunday, chris wallace. >> happy st. patrick's day to you. >> clayton: and to you as well. it seems like there are two dog and pony shows going on. the house budget rolled out and the senate budget being rolled out and we both know they have no prayer of being passed. so will a grand bargain somehow emerge from these two dog and pony shows? >> it depends whether you think the glass is a quarter full or three quarters empty. the republicans the first time-- rather the democrats the first time in four years are even proposing a budget you should see as a good sign. as you pointed out on the graphic on the screen. a difference, the republicans more than twice as big as the democrats and it's all spending cuts and the democrats have, you see 1.85 trillion and half of that, almost a tr
Search Results 0 to 30 of about 31 (some duplicates have been removed)

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